Path of Development Residential Lot

Land Description

Financing Offered: $400 Down Payment + $100 Monthly Payment x 24 Months; 90 Days Same As Cash

Location And Size

Rio Del Oro is a sprawling subdivision occupying 47,000 acres of land stretching from the I-25 and the Rio Grande River in the west to the Manzano Mountains in the east. Comprised almost entirely of quarter acre parcels, it makes up not only one of the largest residential subdivisions in Valencia County, but also one of the greatest expanses of undeveloped land in this rapidly growing region.

The subject property is a single.25 acre lot. While not enough land to be defined by the County as "buildable" this acreage is still ideal as investment property, particularly given its location in this rapidly growing area. Additionally, the land is also well-suited for recreational purposes such as seasonal camping or RV trips.

County, State: Valencia County, New Mexico

Lot Size: 0.25 Acres

Nearest Town: Los Lunas

Street Address: Not Designated

Zip Code: 87031

Latitude & Longitude:

Center 34.66575, -106.70023

Nw 34.66600,-106.70030

Ne 34.66590,-106.70010

Sw 34.66560,-106.70040

Se 34.66560,-106.70010

Legal Information

Legal Description: Rio Del Oro, Unit 47, Block 5, Lot 23

Parcel Number: 1011029330013000230

Account Number: R102799

Annual Taxes: $5.00

Access And Utilities

Roads & Access: The subject property is located along a road the plat identifies as Henion Avenue. While this road does not see frequent traffic, it is still a relatively easy to navigate dirt road. In addition, this property sits in close proximity to such major arterials as the Manzano Expressway, Sherrod Boulevard and De Haan Loop. Because of this, the property should be easy to access in any vehicle type. While the aforementioned surrounding roads are paved and clearly marked with street signs, Henion is not.

Power & Utilities: The subject property is located roughly 2,000 feet from the nearest residential power lines. Anyone attempting to build, RV or camp here should expect to rely on alternative forms of power. Anyone looking to investigate the costs associated with getting service connected to a specific property is encouraged to contact Pnm, the utility company servicing this region.

Cell Reception: It should be noted that despite the lack of utilities in this region, our photographers report a surprisingly reliable cell reception throughout the entire subdivision.

Wells & Water Table Depth: Due to the area it encompasses, it's difficult to give a one-size-fits-all answer to the varying depths of the water table throughout this region. Anyone considering drilling a well here is encouraged to speak with local well drillers for a more accurate sense of cost and logistics.

Legal Access: Yes

Access Road: Henion Avenue

Access Condition: Dirt Roads

Access Frontage: 80 Feet (Northern Boundary)

Power: Within 2,000 Feet From Subject Property; Solar or Alternative

Phone: Mobile/Satellite

Water: By Well or Holding Tank

Sewer: By Septic/Alternative

Zoning And Restrictions

Zoning: The Rio Del Oro subdivision is zoned PD or Planned Development. It should be noted that while this designation was created to "encourage comprehensive development rather than traditional parcel-by-parcel development" it does not prohibit such individual property development. This is evidenced by the number of the stand-alone home sites which exist in this region independent of either a formal housing development or city utilities such as water and sewer. In all likelihood, however, these lots were re-zoned as R-1 or Rural Residential when their building permits were issued. To learn more about the PD Zoning designation, please see the attached PDF and to learn more about the R-1 Zoning designation, please see the attached PDF here.

Zoning, Cont'd: The Rio Del Oro subdivision consists of roughly 200,000 parcels. It should be noted that in a subdivision this massive, there will always be zoning anomalies or a small handful of parcels which do not conform to the rest and thus may be designated differently. The above-mentioned designation, however, covers well over 97% of the land in Rio Del Oro.

No Hoa: The Rio Del Oro subdivision has no HOA and there are no annual dues associated with land ownership here.

Covenants, Conditions & Restrictions: When the Rio Del Oro subdivision was first created, the developer drew up a set of covenants and restrictions to run with the land. These types of documents normally enumerate rules for development such as acceptable structures and minimum square footage requirements. And while the Rio Del Oro covenants were no exception, in the decades since, this document has been updated and amended in, from what we can tell, every Unit and most Blocks of the subdivision. In most every case the covenants were amended to simply conform to the local zoning. In some cases, certain blocks and lots either retained or reacquired by the developer were reclassified as commercial or public use zones. Additionally, some of the original covenants have either become outdated or unenforceable such as ones that make mention of an Architectural Control Committee which doesn't exist and never did. In short, anyone concerned about the original covenants need only familiarize themselves with local zoning as the two are largely redundant at this point.

The ¾ Acre Rule: Anyone looking to build within Rio Del Oro should be aware that because this is a region without city utilities, building permits will not be issued for structures being developed on land less than ¾ of an acre in size. This size restriction has to do with the amount of space required for both a conventional well and conventional septic system. While "work-arounds" exist to develop structures on smaller lots (such as a holding tank for water and split-flow systems for septic) in most cases it is ultimately easier and less expensive to simply purchase and develop a parcel which conforms to the ¾ acre standard.

Acceptable Structures: As this area is designed with residential development in mind, single family homes are acceptable here as well as mobile and modular homes. Shipping container homes would likely be acceptable if erected per state building code guidelines while tiny homes, yurts and earthship homes would likely be deemed unacceptable. For specific questions about zoning, building plans or the permitting process, buyers are encouraged to contact the Valencia County Planning & Zoning office.

Camping & RVs: RVs are only acceptable here for thirty days at a time or up to twelve months with a building permit. An RV can only be used recreationally and cannot be used as a permanent dwelling. Lots smaller than ¾ of an acre in size may be used for such recreational purposes.

Zoning: Planned Development District

HOA: None

Covenants, Conditions & Restrictions: None

Annual Dues: None

Time Limit On Building: None

Title Info

Title: Free and Clear

Liens and Encumbrances: None

Mineral Rights: None

Recent Survey: None

Title Insurance: None

Conveyance Document: Special Warranty Deed

Suggested Type Of Closing: Notary Close

Doc Prep Fee: $150.00

Nearby Towns

Nearby Towns: Located just outside Los Lunas, the Rio Del Oro subdivision has easy access to groceries and supplies as well as big box stores such as Walmart and Home Depot. Additionally, plenty of fast-food restaurants, gas stations, post offices, banks, medical facilities and other daily necessities can be found within easy driving distance of this region.

Nearby Towns, Cont'd: Albuquerque, the largest city in the state, is also close, being only a quick twenty-minute drive north along the I-25. Home to a population of over a half million residents, this vibrant metropolitan area boasts plenty to see and do including museums, concerts, sporting events, nightlife, zoos as well as fine dining and high end shopping. In addition, it is home to the Annual International Balloon Fiesta, a week-long gathering held every October which brings together hot air balloon owners and enthusiasts from around the world.

Belen: 13 miles (26 min)

Los Lunas: 15 miles (32 min)

Albuquerque: 35 miles (54 min)

Rio Rancho: 55 miles (57 min)

Santa Fe: 101 miles (1 hr 35 min)

Truth or Consequences: 121 miles (1 hr 51 min)

Nearby Attractions

Things To Do In Albuquerque

Elephant Butte Lake

Rio Metro

Abo Canyon

Alexander Municipal Airport

Bosque Del Apache National Wildlife Refuge

Manzano Mountains State Park

Rio Salado River

Salinas Pueblo Missions National Monument